Retail Space with Open
For Sale
Contact for pricing
1714 Holmes St, Kansas City, MO 64108
Retail space features high ceilings, large windows, and an open layout with natural light.
Property Size7,200 SF
Price / SF$194.44
Days on Market135
Property Features for 1714 Holmes St
General Information
Standard status
Active
Size
7,200 SF
Property subtype
RETAIL
Listing Agency:
Clemons Real Estate
(816) 621-2130
Listed By:
Zach Fowle · License #2021020800
(816) 645-9203
Source:
Moodyscre
Added: Apr 21
Changed: Aug 16
Last Checked: Sep 1 at 11:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clemons Real Estate
Investment Insights
Based on property information with market context.
This retail space offers an open layout designed to accommodate a variety of showroom or sales configurations. The space includes high ceilings and large windows that provide ample natural light.
The property is located in the Crossroads Arts District, and it is surrounded by non-metered street parking, supporting convenient customer access.
As a for-sale retail offering, the asset presents a straightforward interior build-out with a flexible, open plan for prospective tenants or owners.
The property is located in the Crossroads Arts District, and it is surrounded by non-metered street parking, supporting convenient customer access.
As a for-sale retail offering, the asset presents a straightforward interior build-out with a flexible, open plan for prospective tenants or owners.
Key Highlights
- Retail space with high ceilings
- Large windows provide ample natural light
- Open layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,719
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,354,380
$1.4M
Cap Rate 7%
$967,414
$967.4K
Cap Rate 9%
$752,433
$752.4K
Market Conditions
NOI Build-Up for 7,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$101.1K $14.04/SF
− Vacancy
−$4.3K −$0.60/SF
EGI
$96.7K $13.44/SF
− OpEx
−$29.0K −$4.03/SF
NOI
$67.7K $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,354,380
Cap Rate 7%
$967,414
Cap Rate 9%
$752,433
Alternative Uses
Best Use
Retail
$967.4K
$846.5K – $1.13M
NOI $67,719 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $120,048 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,385
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 41%
Shops & Services 39%
Apparel 10%
Office Supplies 7%
Hampton Inn & Suites Kansas City Downtown/Crossroads
Hotels & Casinos
13,802 visits/mo
0.5 miles
Sinclair
Shops & Services
9,421 visits/mo
0.4 miles
Rally House
Apparel
5,253 visits/mo
0.5 miles
Holiday Inn Express Kansas City Downtown
Hotels & Casinos
4,489 visits/mo
0.4 miles
Hotel Indigo Crossroads KC
Hotels & Casinos
3,811 visits/mo
0.5 miles
Demographics for 64108, MO
9,839
Population
6,141
Households
1.6
Avg Household Size
35
Median Age
51%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
2,659
Density / Sq Mi
$74,462
Median Household Income
$53,521
Median Earnings
$1,422
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space features high ceilings, large windows, and an open layout with natural light.
Where is this retail space located?
The property is located at 1714 Holmes St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Retail space with high ceilings; Large windows provide ample natural light; Open layout
